May 10, 2010 – The EU, Job Creation and The American Stock Exchange – Human Error or Human Design?

The EU has got its hands full with some of its partners going broke. While the EU is quickly treading water to stay afloat, the US reports 208,000 new jobs were created in April 2010...and even better, Canada reports that our economy created 100,000+ jobs in April 2010. In spite of these exciting and positive economic indicators, why did our North American stock exchanges take us on a gut wrenching roller coaster ride. (I have another roller coaster experience to share with you in a minute) Well I guess Angela Lange’s (CBC Business Journalist) opinion was the best...“the stock market is not the economic thermometer we should be using...if we want to know how the economy is doing…it is best to study the economy.” Whatever the stock market has been saying for the past 2 weeks is different from the realities of our economy. Private businesses hire 100,000+ new employees because they are feeling confident in our Canadian economy. Businesses are increasing production because suppliers of goods and services are not meeting current or expected demand. That is really good news. While the rumours and innuendo say that the stock market was being deliberately manipulated to create havoc and incredible profit making opportunites for some Wall Street investors, I’ll stick with Angela and the 100,000+ new jobs in Canada that speak a reassuring truth. Now those numbers are real and something you can take to the bank.

And now for your roller coaster ride...

Please stick your tongue in your cheek and click on http://housing-analysis.blogspot.com/2010/04/vancouver-real-estate-market-roller.html and enjoy...if you are subject to motion sickness I recommend you close your eyes when you get dizzy.